EXHIBIT 99.1

PAMRAPO BANCORP REPORTS SECOND QUARTER RESULTS

BAYONNE, NJ — (MARKET WIRE) — 07/26/06 — Pamrapo Bancorp, Inc. (NASDAQ: PBCI) today reported net income for the second quarter and six months ended June 30, 2006.

Net income for the second quarter of 2006 amounted to $1.520 million, or $.31 cents per share, as compared with $1.966 million, or $.40 cents per share in the second quarter of 2005.

Net income for the six months ended June 30, 2006 amounted to $3.331 million, or $.67 cents per share, as compared with $3.949 million, or $.79 cents per share for the six months ended June 30, 2005.

Pamrapo’s book value per share at June 30, 2006 was $11.98.

Pamrapo Bancorp is a holding company whose principal subsidiary, Pamrapo Savings Bank, S.L.A., operates eleven branch offices in Bayonne, Fort Lee, Hoboken, Jersey City and Monroe, New Jersey.

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(In Thousands)

(Unaudited)

	June 30, 2006			December 31, 2005
ASSETS
Cash and amounts due from depository institutions	$	3,656		$	4,409
Interest-bearing deposits in other banks		6,222			4,161
Total cash and cash equivalents		9,878			8,570
Securities available for sale		1,661			3,321
Investment securities held to maturity		10,228			10,287
Mortgage-backed securities held to maturity		153,603			167,009
Loans receivable		450,044			438,250
Premises and equipment		3,824			3,856
Federal Home Loan Bank stock, at cost		5,631			5,954
Interest receivable		2,835			2,809
Other assets		6,325			6,030
Total assets	$	644,029		$	646,086
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits	$	477,480		$	474,003
Advances from Federal Home Loan Bank of New York		99,000			106,400
Other borrowed money		27			47
Advance payments by borrowers for taxes and insurance		3,880			3,688
Other liabilities		4,021			3,332
Total liabilities		584,408			587,470
Stockholders’ equity:
Preferred stock; authorized 3,000,000 shares; issued and outstanding-none		—			—
Common Stock; par value $.01; authorized 25,000,000 shares; 6,900,000 shares issued; 4,975,542 outstanding		69			69
Paid-in capital in excess of par value		19,198			19,158
Retained earnings-substantially restricted		63,015			61,972
Accumulated other comprehensive income - Unrealized gain on securities available for sale		268			285
Treasury stock, at cost; 1,924,458 shares		(22,929	)		(22,868	)
Total stockholders’ equity		59,621			58,616
Total liabilities and stockholders’ equity	$	644,029		$	646,086

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

	Three Months Ended June 30,				Six Months Ended June 30,
	2006		2005		2006		2005
Interest income:
Loans	$	7,205	$	6,624	$	14,148	$	13,005
Mortgage-backed securities		1,844		2,221		3,788		4,551
Investments and other interest-earning assets		364		295		705		599
Total interest income		9,413		9,140		18,641		18,155
Interest expense:
Deposits		2,749		2,120		5,193		4,189
Advances and other borrowed money		1,148		852		2,230		1,670
Total interest expense		3,897		2,972		7,423		5,859
Net interest income		5,516		6,168		11,218		12,296
Provision for loan losses		0		40		0		100
Net interest income after provision for loan losses		5,516		6,128		11,218		12,196
Non-interest income:
Fees and service charges		302		327		617		640
Miscellaneous		282		362		528		672
Total non-interest income		584		689		1,145		1,312
Non-interest expenses:
Salaries and employee benefits		2,087		2,107		3,899		4,091
Net occupancy expense of premises		308		286		608		552
Equipment		299		322		640		644
Advertising		59		52		122		105
Miscellaneous		931		862		1,768		1,605
Total non-interest expenses		3,684		3,629		7,037		6,997
Income before income taxes		2,416		3,188		5,326		6,511
Income taxes		896		1,222		1,995		2,562
Net income	$	1,520	$	1,966	$	3,331	$	3,949
Net income per common shares:
Basic	$	0.31	$	0.40	$	0.67	$	0.79
Diluted	$	0.31	$	0.39	$	0.67	$	0.79
Dividends per common share	$	0.23	$	0.22	$	0.46	$	0.44
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,976		4,975		4,976		4,975
Diluted		4,980		4,987		4,980		4,988

CONTACT

Robert A. Hughes, CPA

Investor Relations

201-339-4600